The HS Code 84769000 refers to parts used in automatic goods-vending and money-changing machines. These machines are widely used in various industries, including retail, hospitality, transportation, and entertainment. They automate the process of dispensing goods and exchanging money, making transactions more convenient and efficient.
When it comes to international trade, the HS Code plays a crucial role in classifying products for customs and regulatory purposes. It helps in identifying the specific type of goods being imported or exported. In the case of HS Code 84769000, it specifically refers to parts used in automatic goods-vending and money-changing machines.
It is important to note that the bound or MFN (Most Favored Nation) duty rate for this HS Code is free. This means that no duty or tariff is imposed on the import or export of these parts. This can greatly benefit countries that rely on these machines for their businesses and industries.
In addition to the bound duty rate, there are special tariff preference programs in place for HS Code 84769000. These programs offer duty-free treatment or preferential rates for certain countries. Some of the countries included in these programs are Australia, Bahrain, Canada, Chile, Israel, Jordan, Mexico, Oman, Peru, Singapore, and the United States.
Specifically, the Generalized System of Preferences (GSP) provides duty-free treatment for goods imported from eligible countries. Australia and Bahrain have special rates for this HS Code, while Canada and Chile enjoy duty-free treatment under the North American Free Trade Agreement (NAFTA).
Other programs such as the Caribbean Basin Initiative (CBI), Andean Trade Preference Act (ATPA), Israel Special Rate, Jordan Special Rate, Morocco Special Rate, Oman Special Rate, Dominican Republic-Central American Special Rate (DR-CAFTA), and Peru Special Rate also offer preferential treatment for goods imported from certain countries.
When it comes to the United States, the data shows that the states of Wyoming and West Virginia are importing goods under HS Code 84769000. These parts are likely being used in automatic goods-vending and money-changing machines within these states.
On the other hand, the data does not provide information on specific states that are exporting goods under this HS Code. However, it is safe to assume that parts for automatic goods-vending and money-changing machines are being exported from various states in the United States to meet the global demand for these machines.
HS Code 84769000 represents parts used in automatic goods-vending and money-changing machines. These machines play a crucial role in various industries, and the HS Code helps in classifying these parts for customs and regulatory purposes. The bound or MFN duty rate for this HS Code is free, and there are also special tariff preference programs in place, offering duty-free treatment or preferential rates for certain countries. The United States is both importing and exporting goods under this HS Code, indicating the global significance of automatic goods-vending and money-changing machines.